Stocks quoted in this article:
After initially rising on the day, automobile manufacturer General Motors (GM - 79-9/16) is falling along with the rest of the market. From a technical perspective, today's six-percent, or five-point, decline puts GM back near support at its 20-day moving average. On the options front, a 2,500-contract spread was initiated between the in-the-money April 85 put and the out-of-the-money April 90 call. These are now two of the most-active call and put options on the Pacific Exchange.